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Thought about this as well. Submitting a relaunch application to lower the goal - going for $10k this time.
You want to work on the project rather than not, right? So if I were you I'd make the threshold closer to the actual minimum you need to do it. Otherwise you risk getting nothing, even if people pledge.
Right, it’s mostly a calculation of opportunity cost at this point - there’s a couple other things I want to work on at the moment, so the all-or-nothing model is protecting me from having to slog through jumping through hoops when bootstrapping.
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